Superlift Holding sells 10.7m shares of KION GROUP AG
Luxemburg City (ots) - Goldman Sachs Capital Partners funds ("GS Capital Partners") and Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, "KKR") announce that Superlift Holding S.à.r.l., Luxembourg ("Superlift Holding"), the holding company held jointly by GS Capital Partners and KKR, is intending to sell in the market a total of 10.7 million shares of KION GROUP AG ("KION"), by way of an accelerated book building to institutional investors.
"KION has developed excellently since our investment in 2006. Weichai Power's investment and the IPO were essential milestones on the company's further growth path. The current share price speaks for itself. We benefit from this attractive market environment by selling a proportion of our stocks. KION has immense potential and we look forward to accompanying the company as major shareholders further on", said Alexander Dibelius, Head of Goldman Sachs Germany, Austria and Central and Eastern Europe, and Johannes Huth, KKR's Head of Europe.
Subject to customary exceptions and the agreed transfer of 3.3% to Weichai, Superlift Holding will not make additional sales of shares for the next three months without the consent of Goldman Sachs International. Following the transaction, Superlift will remain the largest shareholder in KION.
Book building will start immediately. This press release does not constitute an offer to sell and the sale of KION's shares by the Superlift Holding does not constitute a public offering.
This publication may not be published, distributed or transmitted, directly or indirectly, in the United States (including its territories and possessions), Canada, Australia or Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This publication does not constitute an offer of securities for sale or a solicitation of an offer to purchase the above mentioned securities in the United States, Germany or any other jurisdiction.
Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. The securities of KION may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the 'Securities Act'). The securities of KION have not been, and will not be, registered under the Securities Act.
In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the 'Order') or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as 'Relevant Persons'). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
In member states of the European Economic Area ('EEA') which have implemented the Prospectus Directive (each, a 'Relevant Member State'), this announcement and any offer if made subsequently is directed exclusively at persons who are 'qualified investors' within the meaning of the Prospectus Directive ('Qualified Investors'). For these purposes, the expression 'Prospectus Directive' means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in a Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression '2010 PD Amending Directive' means Directive 2010/73/EU.
No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.
Forward-looking statements and projections
Certain statements in this press release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this press release. Statements contained in this press release regarding past trends or events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Superlift, or persons acting on its behalf, may issue.
About Goldman Sachs Capital Partners
Goldman Sachs Capital Partners comprises the funds for direct private equity investments of Goldman Sachs. GSCP is looking to achieve long-term value creation by providing equity capital for high quality companies with strong management teams. The current GS Capital Partners VI fund was raised in 2007 and is the sixth global private equity fund of Goldman Sachs with a total volume of $20.3 billion. The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $90.2 billion in assets under management as of September 30, 2013. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with fund investors through its client relationships and capital markets platform. KKR & Co. L.P. is publicly traded on the New York Stock Exchange (NYSE: KKR) and "KKR", as used in this release, includes its subsidiaries, their managed investment funds and accounts, and/or their affiliated investment vehicles, as appropriate. For additional information, please visit KKR's website at www.kkr.com.
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